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Eurcadidea

eurcadEURCAD - Long Why are we entering? - Expecting CAD weakness & EUR strength = EURCAD Long - Keep looking for buys everytime price goes to the bottom What are we waiting for to happen? - Bounce off the bottom - CAD index to become bearish and EUR index to turn bullish What is our confirmation? - CAD index to continue reversing Entry No Safe Entry. Risk Entry: Bounce off the bottom Once entered, where will our Stoploss be? - Below the lows Where do we take profits? - First TP: 1.472 - Second TP: 1.5
Long
by Elrouby
3
EURCAD (1HR) OUTLOOKLooking at 1H TF of this pair, the momentum does not look weak, hence suggesting that price might go into consolidation for a couple of hours before turning back up. and there is a possible trap for buyers so i suggest we stay woke with our SL levels. Here is what am thinking (for Educational Purposes only):- BUY: Between 1.43563 and 1.43200 SL: 1.42901 Target 1: 1.44444 Target 2: 1.45535 Target 3: 1.46467 Risk Management: 2% max!!!‼️ PLEASE LIKE, COMMENT AND FOLLOW ME 🙏🙏🙏🙏🙏🙏
Long
by Kingsley_lotanna
4
EurCad- Do we have a bottom?EurCad is in a downtrend for 15 months now, with the price dropping 1700 pips, from 1.6 to 1.43. At the beginning of October, the pair has made an important break under 1.46 support and dropped pretty fast to the up-mentioned low. At this moment looks like EurCad is preparing to test the new 1.46 resistance for confirmation and traders can look to buy dips against 1.43. I'm bullish EurCad in medium-term and I will remain so as long as the price is above 1.43
Long
by Mihai_Iacob
6
EUR/CAD Looking For Longing Opportunity EURCADEURCAD reached a weekly and monthly major support level and retested the trendline after a strong impulse to the downside without any correction. We can expect growth from here before continuing the move to the downside or break of the bearish movement. This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Long
by NCTrading
1
EUR/CAD Multi-Time frame analysisHi Traders EUR/CAD Multi-Timeframe analysis H1 Chart (Bearish) A medium probability, entry signal to go SHORT will be given after the completion of a bearish trend reversal on the lower time frame at 1.46867 after the market found resistance at 1.47157 . Only the upward break of 1.47157 would cancel the bearish scenario. Support & Resistance 1.46686 1.47146 1.46415 1.47270 1.45955 1.47431 H4 Chart (Bullish) The completion of a trend reversal formation at 1.47288 has forced us to close our position earlier than we had planned. Now we are looking for the next opportunity to enter the market. Support & Resistance 1.47410 1.47757 1.46415 1.47997 1.45810 1.48992 Daily Chart (Bearish) The completion of a trend reversal formation at 1.47607 has forced us to close our position earlier than we had planned. Now we are looking for the next opportunity to enter the market. Support & Resistance 1.47237 1.48156 1.45810 1.52092 1.44426 1.53833 Weekly Chart (Strong Up) Waiting for a retracement higher towards the 1.47237 resistance level in order to reinstate SHORT positions. Next important resistance is the 1.50518 level. Support & Resistance 1.45810 1.47237 1.44478 1.50518 1.42626 1.51914
Short
by ANGBlack